| Dec 6, 2014
| 4:49 PM
The city of Burbank is giving a raise to its 11 department managers and two of its elected officials, but it’s also asking them to pitch in more for their state retirement benefits.
Last week, the Burbank City Council unanimously approved a...
| Dec 5, 2014
| 3:00 PM
Costa Mesa's outgoing police chief will receive an annual pension of about $185,000 on top of a $167,812 salary when he starts a new job at the Port of Los Angeles, city officials said.
Chief Tom Gazsi is retiring from the Costa Mesa Police Department...
| Dec 8, 2014
| 6:23 PM
The deputy police chief for the Port of Los Angeles — whose first day on the job was Monday — will earn more than $350,000 a year by collecting a pension on top of his new salary.
Tom Gazsi retired as police chief in Costa Mesa on Sunday and...
| Dec 30, 2014
| 12:20 PM
Wealthy investors are poised to put at least $90 billion into hedge funds next year, even after returns have largely been lackluster this year, research firm eVestment said on Tuesday.
Fresh demand from pension funds, endowments, and insurers looking for...
| Oct 29, 2014
| 4:56 PM
In a closely watched case, a federal judge on Thursday is expected to decide whether the bankrupt city of Stockton can continue to pay employees generous pensions that soon could consume one-fifth of municipal revenues.
The ruling has been much...
| Oct 30, 2014
| 1:13 PM
A federal bankruptcy judge approved the city of Stockton’s bankruptcy recovery plan, allowing the city to continue with planned pension payments to retired workers.
The case was being closely watched after the judge ruled this month that the city&...
| Oct 30, 2014
| 5:41 PM
Could a city in bankruptcy be required to cut its employees' pensions as part of its reorganization plan, as a matter of fairness to other creditors taking cuts? Christopher M. Klein, the chief federal bankruptcy judge in Sacramento, answered that...
| Oct 30, 2014
| 6:17 PM
A federal bankruptcy judge approved the city of Stockton's bankruptcy recovery plan Thursday and sidestepped challenges to its workers' pensions that could have threatened municipal retirement plans across the state in the years ahead.
| Sep 19, 2014
| 5:06 PM
Pension costs, housing density and the city's plastic bag ban were among the topics discussed during a Huntington Beach City Council candidates forum Wednesday night.
Nine of the 11 candidates in the Nov. 4 election — Mayor Pro Tem Joe Shaw,...
| Nov 7, 2014
| 5:55 PM
For years, Owen Murray believed that Pacific Investment Management Co. was a safe bet for his clients for one big reason.
"They were just very, very consistent," said Murray, investment director at a financial advisory firm for wealthy individuals in...
| Nov 13, 2014
| 5:58 PM
A decade ago, many of California's public pension plans had plenty of money to pay for workers' retirements.
All that has changed, according to a far-reaching package of data from the state controller. Taxpayers are now on the hook for billions of...